Title
Consider/Discuss/Act on a Resolution Authorizing the Interim City Manager to Execute a Developer Participation Agreement with M/I Homes of DFW, LLC for Sewer Improvements to Serve a City Tract and the Proposed Park Ridge Subdivision
Summary
MEETING DATE: October 21, 2014
DEPARTMENT: Development Services/Engineering
CONTACT: Michael Hebert, PE, Assistant Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
* Approve Resolution
ITEM SUMMARY:
* This item authorizes the City Manager to enter into an agreement with M/I Homes of DFW, LLC regarding incentives for improvements benefitting both the City of McKinney and the Park Ridge Development.
* A partnership between the City and the developer of Park Ridge was formed to provide the lowest possible cost for all parties in the installation of a sanitary sewer to serve both projects.
* The sites are located at the northwest corner of the intersection of Hardin Boulevard and Virginia Parkway as shown on the attached exhibit.
* The Agreement authorizes $95,000 of City funding towards the construction of a sanitary sewer.
* The developer of Park Ridge, M/I Homes of DFW, LLC, is responsible for the remaining contract cost, currently estimated at approximately $82,000 and for construction administration.
* Attached is the lowest bid as submitted by RKM Utilities for the project.
* The original engineer for the Inwood Hills subdivision contributed the survey and design of the sanitary sewer due to the issue stated under "Background Information".
* The developer will manage the installation of the proposed sanitary sewer along with the installation of on-site utilities. This helps reduce the cost of bids for the construction due to economies of scale.
BACKGROUND INFORMATION:
* The city-owned site (future need) and some of the lower elevation sections of the Park Ridge site (current need) will require sanitary sewer service which is currently available through the existing In...
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